Crypto Surge: Bitcoin, Ethereum, Solana, XCN Soar

The crypto market has regained momentum, with top cryptocurrencies displaying positive price action for the second consecutive day. Bitcoin, Ethereum, and Solana have recorded significant gains, while XCN has surged by 33%.

Bitcoin (BTC) has maintained its bullish action, jumping 3.12% intraday and 3.33% in seven days. The Relative Strength Index (RSI) has shown a bullish convergence in the daily time frame, and the 50-day Exponential Moving Average (EMA) continues to support the Bitcoin price chart. If the bulls maintain their dominance, the price of Bitcoin could head toward a new all-time high. However, a bearish reversal could pull the price toward its important support level of $100,000.

Ethereum (ETH) is on the verge of reclaiming its $3,200 mark, with a jump of 2.38% in 24 hours. The Moving Average Convergence Divergence (MACD) records a constant decline in the red histogram, hinting at a potential bullish convergence. However, the Simple Moving Average (SMA) indicator acts as a resistance to the Ethereum price chart, suggesting rising uncertainty. If the market favors the bulls, the ETH coin price could retest its immediate resistance level of $3,272. Conversely, if the bears regain momentum, the Ethereum token may retest its low of $3,000.

Solana (SOL) has also recorded significant gains, with a 4.5% increase in 24 hours and a 12.7% increase in seven days. The SOL token has a YTD return of +15.23%, indicating a positive outlook for the altcoin. The RSI indicator continues to hover around the overbought range in the SOL price chart, suggesting that the Solana price may continue gaining momentum this week. Maintaining the price above its support level of $20 could set the stage for the price of SOL to head toward its high of $25.

XCN, a lesser-known cryptocurrency, has surged by 33% in 24 hours. The XCN token has a YTD return of +12.72%, indicating a positive outlook for the altcoin. The E